I was shocked today, when I went on the local Multiple Listing Service (MLS) to see that there are only 7 detached homes on the market in this suburb of Rancho Penasquitos, in the city of San Diego. I have not seen such low inventory since maybe the 2006/2007 era, which was just prior to the big crash of 2008. 4 of those listings are above a Million Dollars!

Now the average price of a detached home in Rancho Penasquitos is $748,000 which is even higher than the time period prior to the 2008 crash.

If you are a seller, it is REALLY time to put your home on the market.

This is NOT only happening in the 92129 zip code, but many others too.

I live in this suburb and and know how special it is, how great the schools are and the closeness to the beach and everything else.